Q: What’s your thoughts on today’s earnings and future outlook….
5i Research Answer:
EPS of 11c was a huge beat over estimates of 6.4c; revenue. Revenue of $205M matched estimates. EBITDA of $42M was 13% better than expected. Backlog is $3.1B which adds some revenue visibility. It was a solid quarter and a couple of brokers have raised targets on the results. The stock is a bit expensive at 26X earnigs but also acting well, up 27% YTD.